Magnus Mondays — The Procurement Data Paradox
“Data is the new oil” has been spouted as a truism for a number of years. This is primarily due to the promises of all the nice things AI will…
Magnus Mondays — The Two Levels of Supplier Management Tech
Supplier management is one of the most critical aspects of procurement. But as is the case with a lot of areas within procurement, it’s complex. One of the biggest issues…
Magnus Mondays — Procurement’s Early Involvement Problem
One of the longest-standing complaints from procurement professionals I’ve heard throughout my 20+ year career is: “we don’t get involved early enough.” The complaint certainly has merit. The earlier sourcing…
Magnus Mondays — Don’t Leave Money on the Table, Optimize!
It’s always been a mystery to me why so few organizations use sourcing optimization. Yes, it can be complex to use but there is so much value to get from…
Magnus Mondays — Supplier Portal Fatigue, a Supplier Management Issue
Having up-to-date information on your suppliers has become more and more critical over the years. Complex supply strategies coupled with increased regulatory requirements have made organizations more dependent on suppliers.…
Magnus Mondays — Solution Provider User Conferences, a Sign of Maturity
As we’re heading into summer (at least here in Sweden), conference season is winding down for a couple of months before kicking off again in September. This spring I had…
Magnus Mondays — Three Areas Where AI Can Help You Today
While generative AI is emerging and use cases are evolving, artificial intelligence in the form of natural language processing (NLP), machine learning, and deep learning has been in use for…
Magnus Mondays — What About That Spend Visibility?
Last week OpenAI released its new flagship model GPT-4o (o is for omni, as in working across audio, visuals, and text at the same time). GenAI news and hype is…
Magnus Mondays — Are RFPs For Procurement Technology Really Effective?
Today’s topic might seem a little ironic given that analysts are infamous among technology providers for issuing long and demanding questionnaires about everything under the sun. But for a buying…
Magnus Mondays — The Slow Evolution of eSourcing Is Finally Speeding Up
As I’ve mentioned before, my procurement technology career began years ago in eSourcing. I worked for a company called IBX (which was first acquired by Capgemini that later sold it…